Commonwealth legislation

Customs By-law No. 1303874

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This by-law allows businesses to import specific plastic raw materials—uncompounded polyamides and polyesters (the building blocks for nylon and synthetic fibres)—without paying standard customs duties, provided they are used to make fibres or yarns.

Who it affects:

Importers of plastic resins classified under tariff codes 3907.60.00, 3907.70.00, 3907.9, or 3908
Textile manufacturers who turn these materials into fibres or yarns

The catch: To get this discount, importers must provide security (a bond or financial guarantee) to Customs. This ensures that if the materials are not actually used for manufacturing fibres/yarns—for example, if they are sold off for other purposes—Customs can claim the unpaid duties.

Why it matters: This reduces production costs for Australian textile manufacturers, while the security requirement prevents misuse of the concession.

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Current sections

Direct links to the current provisions in Customs By-law No. 1303874.

Customs By-law No. 1303874

CUSTOMS ACT 1901

CUSTOMS TARIFF ACT 1995

SCHEDULE 4

BY-LAW No. 1303874

I, Geoff Johannes, delegate of the Chief Executive Officer, under section 271 of the Customs Act 1901 make the by-law set out in the Schedule below.

In the by-law set out in below, “security” means the security given (under section 42 of the Customs Act 1901) to, and to the satisfaction of, the Collector by the importer.

THE SCHEDULE

Item 48

Schedule 4

This by-law may be cited as Customs By-law No. 1303874.
This by-law shall take effect on and from 1 March 2013.
For the purposes of item 48 of Schedule 4 to the Customs Tariff Act 1995, uncompounded polyamides and polyesters classified under subheadings 3907.60.00, 3907.70.00, 3907.9 or heading 3908 in Schedule 3 to the Customs Tariff Act 1995 are prescribed.
The application of item 48 to the goods in paragraph 3 is subject to the condition that the goods are for use in the manufacture of fibres or yarns, UNDER SECURITY.
For the purposes of this by-law, the “Customs Tariff Act 1995” means the Customs Tariff Act 1995, as amended or proposed to be altered.

Dated this twenty fifth day of February 2013.

(signed)

Geoff Johannes

Delegate of the

Chief Executive Officer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Customs By-law No. 1303874